Sunsuper has increased the size of its investment team to 18 with the appointment of Lounarda David to the newly created role of investment operations manager.
She joins from Mercer and will be responsible for reviewing the $26 billion fund’s risk management, performance reporting, unit pricing, custody operations, document management, legal and tax.
David Hartley, chief investment officer of Sunsuper, has promised to add further to the team in the near future.
A key area of expansion for Sunsuper has been the growth of its unlisted investments and the team which looks after these.
In February, it became the majority owner of Discovery Holiday Parks, which is valued at $240 million, and it is increasingly seeking co-investments with fund managers for other unlisted assets.
Sunsuper’s chief financial officer, Bruce Wilson, spoke proudly of Lounarda David’s appointment.
“She is a well-known and highly regarded consultant in the market and also within Sunsuper,” he said. “She has worked closely with our investment and operational areas over several years as a consultant and was instrumental in helping us with the selection and transition to State Street Australia, our custodian.
“Lounarda is one of the most experienced people in her field in Australia and will be a great addition to our capable investment team.”